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Friday, February 03, 2023 5:24:42 PM
February 02, 2023 07:00 AM Eastern Standard Time
GOTHENBURG, Sweden & ORLANDO, Fla.--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) and Luminar (Nasdaq: LAZR) announced plans to deepen their partnership by expanding the integration of Luminar’s technology on the Polestar 5 – the electric 4-door GT expected to launch in 2024 based on the Polestar Precept concept car. This expanded partnership provides a foundation to further collaborate on lidar integration and design on Polestar’s future vehicles.
“As we successfully execute together, Polestar’s conviction in Luminar and the value of our technology has continued to accelerate. With this new expanded partnership and our shared pioneering spirit, we will push the boundaries of automotive technology and design into new territories for the next generations”
“Luminar is at the forefront of lidar technology development and this closer collaboration will allow for greater innovation in our cars to come. We look forward to combining our R&D and product design expertise to deliver truly stunning lidar integration and capabilities for the Polestar brand,” comments Polestar CEO, Thomas Ingenlath.
Both the Polestar 3 and Polestar 5 will seamlessly integrate Luminar’s long-range Iris lidar and software into the roofline. Coinciding with the announcement, sales of Polestar 3 with lidar have been brought forward so that customers in initial markets can now place orders for Polestar 3 with lidar, with deliveries expected in 2024 [2].
“As we successfully execute together, Polestar’s conviction in Luminar and the value of our technology has continued to accelerate. With this new expanded partnership and our shared pioneering spirit, we will push the boundaries of automotive technology and design into new territories for the next generations,” said Austin Russell, Founder and CEO, Luminar.
https://www.businesswire.com/news/home/20230202005254/en/
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